🪙Tokenomics

💎 What is BSGG Used For?

1. Governance and Voting Power:

$BSGG tokens are not meant for betting; they are meant to grant you voting power in the governance part of our protocol. When governance goes live, decisions regarding sports additions, promotions, and other key aspects will be entrusted to our community. Your BSGG tokens will empower you to have a direct say in shaping the future of BetSwap.gg.

2. Social Betting and Liquidity: COMING SOON

We're introducing social betting, a feature that allows betting tip services to interact seamlessly with our platform. $BSGG is at the heart of this feature, providing liquidity for the process. This innovation will make the job of betting tip services more accessible and efficient.

3. $BSGG as betting currency:

Users are able to deposit $BSGG tokens to the platform adding additional utility. The balance can be used to explore the still increasing amount of games, it being casino, traditional sports betting or e-sports. Users using $BSGG tokens will be entitled to additional rewards!

4. Staking Pool and ROI:

Our staking pool offers a stable Return on Investment (ROI). To sweeten the deal, we're committed to burning 33.33% of all profits generated from the betting exchange. This ensures a continuous reduction in the total supply of $BSGG, contributing to its scarcity and potential value appreciation.

💰 What Happens to the Profits?

1. Staking Rewards (33.33%):

Imagine BetSwap.gg makes a profit of $1,000,000 in a given period (with fees at 3%). In this scenario, $333,333 will be allocated to purchase $BSGG tokens to distribute among our stakers. This approach prevents selling pressure, as we buy exactly the amount we distribute, thereby maintaining market stability.

2. Buyback and Burn (33.33%):

Another $333,333 will be allocated to buy $BSGG tokens from the market. These acquired tokens will then be permanently removed from circulation through a token burn process. The tokens will be sent to a Null address, ensuring they are lost forever. This buyback and burn mechanism will be recurring, actively supplying the market with upward pressure while decreasing the total supply and potentially increasing the token's price. This process will continue until 90% of the entire supply is burned.

3. Team and Development (33.33%):

The remaining $333,333 of the profits will be utilized to pay salaries to our dedicated employees and to fund further development efforts. These funds are also earmarked for implementing proposals from the community through our governance system that require financial support.

As we continue to innovate and grow, we look forward to our community playing an active role in shaping the future of the BetSwap.gg platform. Your participation, through governance and token utilization, is pivotal to our shared success. Thank you for being a part of our journey!

📊 BSGG Allocation

The BSGG token has a total supply of 10 billion. It features a diversified allocation strategy with 25% allocated to a private sale (locked and released over 33 months), 10% to a public sale (fully unlocked), 10% reserved for administrative purposes, 7.5% each for team and initial community (both with staggered releases), 5% for advisors, and 20% dedicated to the ecosystem. There are also specific allotments for gaming partnerships, community airdrops, and reserves, each with its own lock-in and release schedule. A notable aspect of the BSGG token is the aggressive 90% buyback and burn policy, showcasing a strong commitment to value control and supply reduction.

📈 Release Scheduele

The release schedule for the BSGG token began in January 2022, following the specific allocations and lock-in periods as detailed in the provided token distribution breakdown. Each segment of the token allocation has a defined start point and a structured release strategy to ensure a controlled and planned circulation in the market.